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Weekday news and analysis for retirement plan advisers
Monday, May 23, 2022
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Deals & People
Retirement Industry People Moves
OneDigital names vice president of product; Advisor Group acquires Infinex; T. Rowe Price appoints senior ESG leader; Voya hires chief information security officer; and more.
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Confirmation Vote Set for Lisa Gomez, EBSA Nominee
The long-awaited full Senate hearing is now on the docket for next week.
Today’s Most Read
1. Small Business “Bullishness” Helping to Drive 401(k) Growth
2. The Scramble to Make the Saver’s Match Work
3. Modern Wealth Surpasses $4B in Less Than 2 Years
New RMD Rules Mean the End of an Era for IRAs
Advisers should revisit planning for those who were counting on the 'stretch‘ IRA.
Welcome to the Rising Rate Environment
In the face of sustained inflation and the Federal Reserve’s push to boost interest rates, asset managers and advisers are tweaking portfolios and rethinking longstanding allocations.
The State of Social Security: Mixed Perspectives
Experts say the uneven economic impact of the COVID-19 pandemic in some ways minimized its likely long-term effects on Social Security reserves, but longstanding solvency problems remain.
Market Mirror Market Mirror Graph

Friday, the Dow gained 8.77 points (0.03%) to close at 31,261.90, the Nasdaq was down 33.88 points (0.30%) to 11,354.62, and the S&P 500 increased 45.11 points (0.30%) to 3,901.36. The Russell 2000 fell 2.96 points (0.17%) to 1,773.27, and the Wilshire 5000 lost 9.07 points (0.02%) to close at 38,831.67.

For the week ending May 20, the Dow fell 2.90%, the Nasdaq dropped 3.82%, and the S&P 500 was down 3.05%. The Russell 2000 decreased 1.08%, and the Wilshire 5000 fell 2.97%.

The price of the 10-year Treasury note increased 5/32 bringing its yield down to 2.789%. The price of the 30-year Treasury bond was unchanged  1 1/32 bringing the yield down to 2.996%.

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